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Dec 25, 2012
12/12
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gerri: where's the government wasting gerri: where is the government wasting your hard-earned taxpayer dollars? this time, ghost airportrts. taxpayer dollars subsidizing rural airports with little to no traffic.ew the next guest says these airports meant to bring nemiwjut economic activity just end up bringing more debt. should the government be involved in the first plac claiming now, senior fellow at the manhattan institute and book shakedown, continuing conspiracy against american taxpayer. what's going on? why is the government involved in developing airports? >> of course the governmentl go approves and runs the whole system, the federal government and the essentially local governments, counties, cities, they create airports in faa.nction with the what is happening around the country is like what i call if you build it they will come fallacy. remember that movie. that was fantasy. people don't seem to understand that, so whatde happens is aroud the country you have dallas-fort worth and atlanta, because the regions are growing, they are investing in their airports. gerri: a lot of
gerri: where's the government wasting gerri: where is the government wasting your hard-earned taxpayer dollars? this time, ghost airportrts. taxpayer dollars subsidizing rural airports with little to no traffic.ew the next guest says these airports meant to bring nemiwjut economic activity just end up bringing more debt. should the government be involved in the first plac claiming now, senior fellow at the manhattan institute and book shakedown, continuing conspiracy against american taxpayer....
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Dec 24, 2012
12/12
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FBC
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if that'is that what we want frn government leaders? >> what he can take full advantage of. >> i agree it is taking advantage. but is that the message we want to send? when do we say let's take off i am with stupid t-shirts. this is why we don't get anything done.>> gerri: how do you think the court will rule in this? >> the court will look at it, the senate was in recess, completely legal and the court will rule. >> no question based on the questions thrown at thert attorneys that the court is. saying come on, wait a second. they were not in recess. >> that is not what gerri is asking. rul gerri asks what will the court ultimately rule? >> they will say no, no, no. >> break it down a little bit. >> he broke the law. >> the court will say it was illegal? >> the appointment should go, gone, goodbye.e >> you are wrong.ther gerri: what does the supreme court do? >> whoever loses will appeal and the supreme court will take it or won't take it. i don't think so. of hope they do if nothing else it is enough with this stuff. to do i think anyb
if that'is that what we want frn government leaders? >> what he can take full advantage of. >> i agree it is taking advantage. but is that the message we want to send? when do we say let's take off i am with stupid t-shirts. this is why we don't get anything done.>> gerri: how do you think the court will rule in this? >> the court will look at it, the senate was in recess, completely legal and the court will rule. >> no question based on the questions thrown at...
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Dec 30, 2012
12/12
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we cannot expect a federal government controlled school system combat the dangerous growth of government that threatens our liberties. the internet will provide the alternative to the government media complex that controls the news and was political propaganda. this is why it is essential that the internet remains a free of government regulation. many of our religious institutions and secular organizations support greater dependency on the state by supporting war, welfare, corporatism, and ignore the need for a virtuous people. i never believed that the world our country could be made more free by politicians if the people had no desire for freedom. under the current circumstances, the most we can hope to achieve in the political process is to use it as a podium to reach the people to alert them of the nature of the crisis and the importance of their need to assume responsibility for themselves. if it is liberty they truly seek, without this, a constitutionally protected free society is impossible. if this is true, our individual goal in life ought to be for us to seek a virtue and excel
we cannot expect a federal government controlled school system combat the dangerous growth of government that threatens our liberties. the internet will provide the alternative to the government media complex that controls the news and was political propaganda. this is why it is essential that the internet remains a free of government regulation. many of our religious institutions and secular organizations support greater dependency on the state by supporting war, welfare, corporatism, and...
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Dec 27, 2012
12/12
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withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac ox. host: scott is looking to start a business. in "politico" is this article this morning -- in "usa today" -- doc in baton rouge, louisiana, good morning it. caller: i have my own insurance agency. host: talk to us about the fiscal cliff. caller: i am kind of concerned about it. one party makes a recommendation and never followed through. we don't get very much cutting in these negotiations through the years. in 1990 the democrats said that they would do spending cuts, but they did not. everytime i see a young child, 5, 6, 7 years old or younger
withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac...
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Dec 27, 2012
12/12
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it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will not give new mortgages because they want to collect the higher interest rates. seeing the stock market crash -- would it make sense to loosen it up? -- say the stock market crashed and we went into depression, when it makes sense to loosen it up so somebody with a 700 credit score, they can save us in the economy ahead? -- they can give them the better mortgage rates to save us and the economy ahead? guest: i agree with the caller. the person that cannot refinance -- as is profit going to the financial industry. the financial industry pro
it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will...
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Dec 30, 2012
12/12
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the government is bigger and unless we do something now the government will continue to get bigger and the deficit will get bigger, even if we raise taxes on everyone there is still a huge deficit. if we do not take on spending, the fiscal cliff will be a downward slide to make us like greece, no longer a viable economic power. >> that was from the program " state of the union, close with this morning. a number of members of the house are point to try to make their way back for votes this evening at 6:30. the house taking up some 13 bills. here is how david hocking's of "congressional quarterly" termed this house session -- " >> nothing on the fiscal cliff, however. we will keep you posted on that. the senate gaveling out shortly for that caucus meeting in particular. taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered t
the government is bigger and unless we do something now the government will continue to get bigger and the deficit will get bigger, even if we raise taxes on everyone there is still a huge deficit. if we do not take on spending, the fiscal cliff will be a downward slide to make us like greece, no longer a viable economic power. >> that was from the program " state of the union, close with this morning. a number of members of the house are point to try to make their way back for votes...
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Dec 27, 2012
12/12
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest, pass the senate bill you want to correct a glitch in the senate bill from a procedural viewpoint, it will pasts the house, which will include a tax decrease on the first $200,000 of income of an individual, or $250,000 for a family. we could do that immediately.
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
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Dec 27, 2012
12/12
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the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? german capital was flowing into the country at dirt-cheap i nterest rates. it is just like the subprime market here where people were coerced to take loans that could not afford. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he affectively called for a general election. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he has not spoken since. he is having a nice holiday. and then there was papandreou. who was a 2006. who unfortunately, he did not see the crisis of the eurozone collapsing. the eurozone had no foundation. there was an earthquake. now, let's say between 1995 and 2008 god and his angels descended on an athens and ran the show. with rationality, omni
the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? german capital was flowing into the country at dirt-cheap i nterest rates. it is just like the subprime market here where people were coerced to take loans that could not afford. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. he is not a stupid man. he was a terrible prime minister,...
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Dec 24, 2012
12/12
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joining me now, president for americans for limited government. so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio suary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> phil wilson can't hear us now. sorry about the difficulty with your hearing device. let's talk about the president going off the fiscal cliff or not. >> i think it is crystal clear that that is the case. his response was to offer, what he called, a small proposal. extend another $30 billion, no spending cuts and l
joining me now, president for americans for limited government. so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out...
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Dec 28, 2012
12/12
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government with 31,000 jobs lost. what's going on here? and which stocks do you buy? does it help? > > go ahead. > > andrew's philosophy is - and i am going to speak for him - that he thinks it's a cost- cutting measure and it's good for the stock- > > of course. any time you cut costs, you cut jobs, the stock goes up. look at bank of america. the second thing- > > j.c. penney- > > j.c. penney?! they're going to zero. > > exactly! so that is not going to help their game. > > they have a bad business model. that is why they're going out of the game. > > i believe it is going to help one stock: hewlett-packard. it's a stock that- > > hewlett-packard?! > > -long been forgotten about- > > put it in the basket with dell, j.c. penney- > > put it in the basket with rim and yahoo, which have had big, big jumps. it has value, it's a name, it just needs to reinvent itself- > > what's their product they sell? > round 3) the fiscal fiasco - is this fiscal cliff a real issue for the market jan 1st? > > no. the answer is no. the market doesn't care. this is the most widely talked-about- > > why
government with 31,000 jobs lost. what's going on here? and which stocks do you buy? does it help? > > go ahead. > > andrew's philosophy is - and i am going to speak for him - that he thinks it's a cost- cutting measure and it's good for the stock- > > of course. any time you cut costs, you cut jobs, the stock goes up. look at bank of america. the second thing- > > j.c. penney- > > j.c. penney?! they're going to zero. > > exactly! so that is not going to help...
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Dec 24, 2012
12/12
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gerri: correctly, is the government doing anything to stop this? skimmer's no there are people out there right now scrubbing checks to people who are only taking their money. >> if you ever hear of these and he's certainly should contact your state attorney general. unfortunately there is a lot of bad stuff that goes on and their ility to oversee it is difficult, but they will prosecute if they find out. gerri: watch out. those are your words of wisdom. the website is called charity navigator. even if you want to research any kind of charity, the rate them and really looked at the bottom line. thank you for coming on. >> thank you so much. gerri: all right. from helping those in newtown to helping our military eurozone. i'm joined by executive vice president and chief of staff at the u.s. thank you for joining us. we wanted to a happy story in the charity area, and you are providing that tonight. i know everyone has heard of the uso, but the adult think everyone knows exactly what you do. help us understand. >> it's great to be here tonight, and th
gerri: correctly, is the government doing anything to stop this? skimmer's no there are people out there right now scrubbing checks to people who are only taking their money. >> if you ever hear of these and he's certainly should contact your state attorney general. unfortunately there is a lot of bad stuff that goes on and their ility to oversee it is difficult, but they will prosecute if they find out. gerri: watch out. those are your words of wisdom. the website is called charity...
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Dec 26, 2012
12/12
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CNBC
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there's been a lot of issues around the government. i think the instakt around the government and people's predicting how long it will take to push back reforms has impacted the market quite a bit. i think one thing under the surface in india and china that all investors need to be aware of is the fact that corporate debt is now really building up to almost unhealthy levels. and i would keep an eye on where corporate debt levels are in companies investing in. >> when i was a corporate analyst in india tracking markets, technology was considered the engine of growth for the country and one of the bright spots for the market. is technology still one of the areas you are tell clients to invest in in india, or what are the sectors you're looking at? >> i think there's two sectors whether you look at india, china, or asia. there's two sectors we like. it's technology, as you said. i think that's one that -- it's a bright gem. you know, it went from, in india, from a bpo outsourcing business and has grown to an innovation business where bran
there's been a lot of issues around the government. i think the instakt around the government and people's predicting how long it will take to push back reforms has impacted the market quite a bit. i think one thing under the surface in india and china that all investors need to be aware of is the fact that corporate debt is now really building up to almost unhealthy levels. and i would keep an eye on where corporate debt levels are in companies investing in. >> when i was a corporate...
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Dec 24, 2012
12/12
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the iea says that china will be number one in coal consumption after the chinese government said they would use more renewable energy, but coal will account for about 70% for the country's energy for the next five years. joining us now is rob deans, how can they get away with this under the kyoto protocol? >> david, there's inescapebly keynesian you and i talking about goal on christmas eve. and the nightmare in china, the biggest polluter on the planet. david: but they're not a part of kyoto, that's the bottom line. >> what china is doing, china recognizes it needs to cut the mercury, corps bohn tarbon out improve efficiency and find alternative fuels, they are he' burning, as you say, 4 billion tons of coal. and you burn two lumps of coal in the world, 1/2 is chinese, you have to do something about that. >> i've got an answer for you. >> okay. >> i've got an answer and it's something you may not like, but it is an answer and it's a hell of a lot cleaner than coal, there are a lot more natural gas reserves in china and we've seen what fracking has done and how much has been plentiful
the iea says that china will be number one in coal consumption after the chinese government said they would use more renewable energy, but coal will account for about 70% for the country's energy for the next five years. joining us now is rob deans, how can they get away with this under the kyoto protocol? >> david, there's inescapebly keynesian you and i talking about goal on christmas eve. and the nightmare in china, the biggest polluter on the planet. david: but they're not a part of...
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142
Dec 26, 2012
12/12
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starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go down, not up. we look at the recession going into one, around nine months on average, the market tends to decline over 15 to 18 months which tells me september and october represented the highs, we will be looking at 2014 before we see the lows and probably 2015 before we can exceed those highs. ashley: gdp dropping by 2%. the latest housing numbers continue to be well not spectacular, certainly heading in the right direction. it seems to me that the more optimistic in your outlook. >> housing and the stock market to different asset classes. housing
starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go...
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Dec 31, 2012
12/12
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if the government gets more money, it will spend that money. it will not put it to pay down the debt, don't you agree? >> i agree. listen to what the president said a couple hours ago. he talked about sequestration and how bad those cuts were as if he hadn't signed the bill that did that. this was just 17 months ago. these are the first cuts that were to occur because of raising the debt ceiling. now they want to undo those. that's why folks, washington is all messed up. they promise spending cuts and don't deliver. david: let's put it to dennis in. he and i know each other a long time. we're friendly with each other. we like each other. dennis, can you ever point to a time when more revenue was paid to pay down the debt? i'm talking more revenue? i'm talking about savings during the clinton administration because he had a lot of extra money coming in. will the new taxes, new tax money going in help to pay off the debt? >> that remains to be seen. i'm for priming the pump economy and getting more people back to work. then, rising tide lifts all
if the government gets more money, it will spend that money. it will not put it to pay down the debt, don't you agree? >> i agree. listen to what the president said a couple hours ago. he talked about sequestration and how bad those cuts were as if he hadn't signed the bill that did that. this was just 17 months ago. these are the first cuts that were to occur because of raising the debt ceiling. now they want to undo those. that's why folks, washington is all messed up. they promise...
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Dec 31, 2012
12/12
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year-olds are going to end up on the exchanges for a whole lot more money and it's going to cost the government more. better to have them in medicare where the administration costs are 4% instead of 20%. so, that's really an awful idea. the idea of means testing, it already is means tested. if you want means tested a little bit more, be my guest, but means testing medicare really doesn't save you very much money. that's silliness. and i'm generally against means testing many programs anyway because i think for programs like this, which are really safety net programs, everybody needs to be in them to have the political impetus. and finally, medicare is the only really efficient universal health care program that we have in the country. why you want to kick people out of it is beyond me. >> i would really like to ask you, how you feel about being an american, someone who obviously has been in a very prominent leadership position here. we've spoken with many very prominent people, such as yourself, like ed rendell who said, what has been going on in congress right now, going right down to the wire
year-olds are going to end up on the exchanges for a whole lot more money and it's going to cost the government more. better to have them in medicare where the administration costs are 4% instead of 20%. so, that's really an awful idea. the idea of means testing, it already is means tested. if you want means tested a little bit more, be my guest, but means testing medicare really doesn't save you very much money. that's silliness. and i'm generally against means testing many programs anyway...
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Dec 27, 2012
12/12
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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Dec 31, 2012
12/12
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and local governments. and also just generally speaking of we have significant budget cuts, most economists, ours included consider that to be a precursor to lower gdp growth. we know for a fact that gdp and state revenues are highly correlated. lori: if you want to buy them now, was revised? >> you know, we are fairly priced right now, particularly in the ten year, 101% of treasury. that is a fair price. so our advice is to stay short, do not do what people are tempted to do which is to go along or go down the credit curve. stay short, high-quality. there is too much uncertainty. lori: thank you. that is me. ashley: in a nutshell, yes. lori: totally getting. these bills are falling off. ashley: a quarter till. time for stocks. lori: 47. ashley: you took a little time. what's going on. >> reporter: we are taking a look at the market. a session highs, seeing the dow up significantly from where it was. eighty-one points, 44 for the nasdaq. hopes for a fiscal cliff deal. standard and poor is lower. based on th
and local governments. and also just generally speaking of we have significant budget cuts, most economists, ours included consider that to be a precursor to lower gdp growth. we know for a fact that gdp and state revenues are highly correlated. lori: if you want to buy them now, was revised? >> you know, we are fairly priced right now, particularly in the ten year, 101% of treasury. that is a fair price. so our advice is to stay short, do not do what people are tempted to do which is to...
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Dec 26, 2012
12/12
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the government, obviously, the government can get whatever they want, but any particular government official would know if i have a gun or not. >> when you register, i mean, the basic laws just to purchase a gun, a handgun or something else, you've got to fill out the forms and they know from that moment. where you're going with that. >> the fact that i think i have a right to own a gun in the privacy of my own home and that where privacy is very important to me. >> what about the people's houses that don't own a gun and concerned about those and will the criminal find them. david: in other words, the criminals would prey on the houses that don't have a gun. >> it's not fair to anybody to have such a invasion of privacy. >> president obama is headed back to washington to work out a deal on the fiscal cliff or is he? does he really want us to go over? and specifically what would happen if we do? we will ask former clinton strategist doug show hen in just schoen in a fewminutes and the y that isn't. find out exactly how much in just a couple of minutes. can your hearing aid do this? lyric can.
the government, obviously, the government can get whatever they want, but any particular government official would know if i have a gun or not. >> when you register, i mean, the basic laws just to purchase a gun, a handgun or something else, you've got to fill out the forms and they know from that moment. where you're going with that. >> the fact that i think i have a right to own a gun in the privacy of my own home and that where privacy is very important to me. >> what about...
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Dec 26, 2012
12/12
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you have to remember, a government has a hard time strengthening its currency, but governments can very easily weaken their currencies, simply by printing them and when the japanese said they are going to print them in an unlimited fashion, you have to believe them. >> also, the other difference here between japan and what's going on for instance here in the united states is that in japan, there are still positive real rates so the bank of japan has the freedom and the leeway to really impact what's going on with the yen. >> well, they've made it clear that that's what they intend to do. they're going to take rates to negative numbers over there, mel, before it's done. they have choice and that's what's going to end up happening. they have the exporters with them, at their back, to help them along the line. and you have, i think, a failing demographic circumstances. there's nothing they can do to help the economy itself, other than to help exports. there's nothing they're going to do to help the consumers, who are falling in numbers. they have to continue to export goods and services ou
you have to remember, a government has a hard time strengthening its currency, but governments can very easily weaken their currencies, simply by printing them and when the japanese said they are going to print them in an unlimited fashion, you have to believe them. >> also, the other difference here between japan and what's going on for instance here in the united states is that in japan, there are still positive real rates so the bank of japan has the freedom and the leeway to really...
142
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Dec 28, 2012
12/12
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, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties to scare people, get rate, and, perhaps bring about policy that's not true. look at the companies, the fact that the government -- look at the contracts that would be canceled, those are people who would lose jobs in several months. the recession that the cbo is legitimate looking at that list. >> that's right, adam. it's interesting because it flushes out what companies basically operate on the iron lung, with an iron lung, because of the government subsidies. it was interesting to me, the list of the companies that get so much of the revenues from the g
, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties...
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180
Dec 27, 2012
12/12
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CNBC
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eye 180
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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Dec 31, 2012
12/12
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CNBC
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you're going to have some of them who want to govern, who want to increase the debt creel egg, not flirt with a downgrade and default and you're going have the hard line conservatives saying, i don't care, i think it's bogus, the debt ceiling going past it, it doesn't matter. the democrfight is going to be . >> walk us through the political calculus in terms of the stumbling block at this point when it comes to the sequester. democrats want to extend that for a year. if we go over the cliff technically, though, does that strengthen the democrats' hand? what happens? how does the political equation change? >> it changes it a lot. because democrats, you know, wake up tomorrow with tax rates having reverted across the board to the clinton era levels. they've gone up on everybody, not just the $450,000 that republicans are now willing to agree to. so, the question is, for democrats, what's the incentive for them to then accept a whole lot of spending cuts if they've already gotten their tax increases. i think republicans want to see a deal get done tonight because their hand is weakened tomo
you're going to have some of them who want to govern, who want to increase the debt creel egg, not flirt with a downgrade and default and you're going have the hard line conservatives saying, i don't care, i think it's bogus, the debt ceiling going past it, it doesn't matter. the democrfight is going to be . >> walk us through the political calculus in terms of the stumbling block at this point when it comes to the sequester. democrats want to extend that for a year. if we go over the...
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143
Dec 31, 2012
12/12
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FBC
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we cannot outsize the government to what those tax revenues are that comment. must we not at some point make everybody feel it, not talking specifically about the spending cuts part of this. it's going to hurt, but don't we need our own form of austerity? wheel of the europeans and yet all we want to do is tax the wealthy more. okay. the wealthy will take a little bit, but were not coming in with meaningful spending cuts. >> two different kinds of cuts that we need to keep in mind. one is the overall deficit which is going to take half a decade to a decade to resolve and get the whole thing back in proper order. you cannot do it in one or two years. you have to be careful with austerity, and one of the big things and was being talked about over these last several months is the austerity that could have been or might be created by the fiscal cliff. taking money out of the pockets of the taxpayers. and making serious budget cuts at the simultaneous. the result is a serious austerity and buy every economist and author of the economy back into a recession. it's a m
we cannot outsize the government to what those tax revenues are that comment. must we not at some point make everybody feel it, not talking specifically about the spending cuts part of this. it's going to hurt, but don't we need our own form of austerity? wheel of the europeans and yet all we want to do is tax the wealthy more. okay. the wealthy will take a little bit, but were not coming in with meaningful spending cuts. >> two different kinds of cuts that we need to keep in mind. one is...
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80
Dec 28, 2012
12/12
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FBC
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the fiscal cliff is almost here and so is another government uncertainty. cheryl: the $16 trillion debt ceiling is living with the same thing among monday. of former t.a.r.p. treasury adviser, great to have you with this important day for the markets for the government for everyone, i want to talk about strategy. i was on the air wednesday afternoon at 4:30, tim geithner comes on and we are going to run into the debt ceiling, that is it. what did he stand to gain and what pressure is he putting on? >> she couldn't not tell us. he has an obligation -- [talking over each other] >> december 31st is new information. by the end of the year, and if it waited until the last minute -- didn't want it to be part of the fiscal cliff negotiations. it does kind of create ship republicans can use against president obama, get out of this deal as well. dennis: didn't tim geithner say all the deadline, december 31st, there's some stuff we will do. a few hundred billion here and there, trying to turn up the pressure on republicans. >> and official letter, the responsible tre
the fiscal cliff is almost here and so is another government uncertainty. cheryl: the $16 trillion debt ceiling is living with the same thing among monday. of former t.a.r.p. treasury adviser, great to have you with this important day for the markets for the government for everyone, i want to talk about strategy. i was on the air wednesday afternoon at 4:30, tim geithner comes on and we are going to run into the debt ceiling, that is it. what did he stand to gain and what pressure is he putting...
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Dec 31, 2012
12/12
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FBC
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, observe government overspending, government involvement in every minute aspect of our lives. by the way, we might see a tea party which is really our hope. stuart: it didn't work in the last election, did it? two months ago that point of view was brushed aside. >> yes, that's why we believe the republicans to blame for that as well, not the democrats. the republicans bear the blame for pushing aside their base. david: their standard bearer in the election was romney, not the tea party. stuart: do you think if a tea party guy has been the republican standard-bearer in 2012, i don't know a name for you, not mitt romney, a tea party guy, do you think that person would have won? david: if he could have drawn the energy from 2010, yes. >> do you think he would have won? >> yes. >> only chance for success in the election and policy. stuart: it just didn't seem like that, did it? a rotten economy and we re-elect a president who is in charge of that are then economy. who could have seen that? i didn't see that coming. >> short-term incentives. you know, it is where the money is in th
, observe government overspending, government involvement in every minute aspect of our lives. by the way, we might see a tea party which is really our hope. stuart: it didn't work in the last election, did it? two months ago that point of view was brushed aside. >> yes, that's why we believe the republicans to blame for that as well, not the democrats. the republicans bear the blame for pushing aside their base. david: their standard bearer in the election was romney, not the tea party....
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73
Dec 27, 2012
12/12
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CNBC
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eye 73
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it is a demographic inevitability more and more money will be spent by governments and people and during the hour we're taping the show, another thousand people are turning 65. we like the way the stocks are set up technically, almost all out of breakout resistance levels. on the phrfamilia pharma sidsid- >> i will break in with breaking news. we are not taping. >> we're taping and going live to tape. >> so we're not going to edit anything i just said? >> no. it's not going on tape anywhere. >> let's get back -- >> welcome back to live television. >> the logistics not withstanding. >> each of you think a different sector of the market will be the leadership group of 2013. >> interesting no one said energy that over the last couple years was always the sector everyone pointed to. >> let me say something about the three picks, strong cases made. the reason why i wouldn't take those trades and why i'm going for health care, on industrials, you need a huge pickup in the global economy for that group to perform. i don't see where it's coming from. midway through the year, i might changes my t
it is a demographic inevitability more and more money will be spent by governments and people and during the hour we're taping the show, another thousand people are turning 65. we like the way the stocks are set up technically, almost all out of breakout resistance levels. on the phrfamilia pharma sidsid- >> i will break in with breaking news. we are not taping. >> we're taping and going live to tape. >> so we're not going to edit anything i just said? >> no. it's not...
70
70
Dec 26, 2012
12/12
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CNBC
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once they get back from holiday in march and really the new transitional government -- the government that has been the transitional government starts pulling the levers, we think we'll get some stimulus. it will feed into the global economy. europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and benefit from an agreement on this fiscal cliff. >> steve weiss quickly. >> john, how do you see it playing out? we've seen a lot of ends being front end loaded only to fall off and maintain the back end. with everything that's going on in terms of spending, cutting back from europe and from u.s. standpoint. how do you see it playing out next year in terms of the market action? >> in terms of the market action, what we would expect, the first quarter a lot is going to depend on what happens with the fiscal cliff. as i said before, if we move into a recession, you're not going to get a 1585 target o
once they get back from holiday in march and really the new transitional government -- the government that has been the transitional government starts pulling the levers, we think we'll get some stimulus. it will feed into the global economy. europe is still on the mend, but it is doing what it needs to do. the u.s. has been growing. we've got housing, we've got automobiles. both have put in good numbers and we would expect that our economy will be able to weather the rockiness near term and...
65
65
Dec 28, 2012
12/12
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CNBC
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eye 65
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we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting the budget situation and tax situation set. that has only come on as an issue recently. you talk about pent up demand for the market over the last month. pent up demand has been in corporations spending their 2 trillion in cash over the last year in advance of settling this situation not the debt ceiling. >> let me also say mike before we let you go just to revisit the to revisit the trade you brought last week which was a winner tan that was long tlt, going long treasuries, that still work for you? >> well it still works i think as long as the process gets dragged out. what the bond market is not goin
we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting...
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Dec 28, 2012
12/12
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WRC
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thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the cliff. that means lawmakers will reach some kind of a deal a few weeks after the new year begins. >>> retailers are bracing for more bad news as thousands of workers at u.s. ports are preparing to strike. jackie deangelis live with that story and more. jackie? >> good morning, aaron. time is running short to avoid a possible strike this weekend at more than a dozen east and gulf coast ports stretching from maine to texas. more than 14,000 long shore men could walk off the job when their contract expires tomorrow in a long-running pay dispute with shippers. the biggest sticking point is over container royalties which are
thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the cliff. that...
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245
Dec 24, 2012
12/12
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CNBC
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stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, not quite. we were just a little bit lower than -- take a look the a dow and i will show you. by the way, bonds collapse was the big call of 2012, and spectacularly wrong for a lot of people. but that's still on for a lot of people. there you see, just off of the lows there. maybe about 60-something is the bottom on the dow jones investment average. trading shortened by the holiday. material stocks led the way and of course some other stocks, consumer discretion is up. retailers add good day. crude was down. tech was down. microsoft had a tough day. there is concerns about sales of that windows 8 product. hewlett-packard on a down day. research a bit on the thin side. tjx, gap
stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, not quite. we were just a little bit lower than -- take a look the a...
749
749
Dec 31, 2012
12/12
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KRON
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the federal government is out of money and we need to move some money around for two months. we will have to worry about this again coming up. >> happy new year >> happy new year to you too. watching the ball dropped as a whole new meaning watching that fiscal cliff. >> it is clear and sunny and in fact this is my favorite shot of the morning. especially when it is clear out there you can see the blue skies and water. that is our mt. tam cam but it is cold out there. the good news is we're no longer in the '20s. santa rosa recently warmed up to 30 degrees. 33 in fairfield 37 in hayward and headed into the afternoon expect mainly '50s, low 50s. mild conditions for this time of years, mostly sunny skies 54 for san jose 534 mountain view low 50s for east bay interior valleys 52 specifically for pleasanton. and the north bay low 50s on tap bud dry weather will continue. 52 degrees in berkeley mid-50s expected in oakland and taking a look at your new year's forecast few clouds and a four class by 8:00 p.m.. temperatures will be in a wide range of 40's. rainey in 2013 we had to mid
the federal government is out of money and we need to move some money around for two months. we will have to worry about this again coming up. >> happy new year >> happy new year to you too. watching the ball dropped as a whole new meaning watching that fiscal cliff. >> it is clear and sunny and in fact this is my favorite shot of the morning. especially when it is clear out there you can see the blue skies and water. that is our mt. tam cam but it is cold out there. the good...
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Dec 26, 2012
12/12
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CNBC
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the government, easy. let's put it off. it's not their money. they don't feel the same intensity handicapping whether something should continue or not. these are things we need to grapple with. if we just have rigid ideologicallies, under no condition go over the cliff we become another aspect of the propaganda i'm so sick of that reached its crescendo at midnight november 5th. >> the way i think future generations, if i were to write an economics book, the way that fracking and horizontal drilling, we start with, you know, the notion we're running out of oil, it's going to be gone, we need the government to create the next energy industry. we will spend all this money on these renewable things. it will be great. we know how to do it, we have experts. then a disruptive market driven technology comes along that generates $2 natural gas makes all that stuff or basically puts it into the future and the money just went down the drain. a case study the way dwogovernm planning and infrastructure spending, you will get 10 cents of every dollar you spen
the government, easy. let's put it off. it's not their money. they don't feel the same intensity handicapping whether something should continue or not. these are things we need to grapple with. if we just have rigid ideologicallies, under no condition go over the cliff we become another aspect of the propaganda i'm so sick of that reached its crescendo at midnight november 5th. >> the way i think future generations, if i were to write an economics book, the way that fracking and...
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Dec 24, 2012
12/12
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KRON
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. >> the government and consumer groups have rejected p-g-and-e's offer to pay a 550-million-dollar fine to resolve charges connected to the san bruno pipeline explosion. they said they rejected it because pg and e would not admit it failed to maintain a safe gas system. pg and e says by admitting to the failure they could expose themselves to a criminal charge. the blast in 20-10 killed eight people and destroyed 38 homes. pg&e is facing a potentially the 49ers. fresh off a monster game against the patriots last week ran in to a three-headed monster in seattle last night. rookie quarterback russell wilson running back marshawn lynch scored twice, and seattle's defense kept colin kaepernick and frank gore from ever getting going. the seattle seahawks clinched a spot in the nfc playoffs with a 42-13 rout wilson's touchdowns put him one shy of peyton manning's rookie record of 26. cal's lynch added 111 yards rushing and a 24-yard td run on seattle's opening drive that set the tone. and stanford's richard sherman returned a block field goal 90 yards for a touchdown and added an interception
. >> the government and consumer groups have rejected p-g-and-e's offer to pay a 550-million-dollar fine to resolve charges connected to the san bruno pipeline explosion. they said they rejected it because pg and e would not admit it failed to maintain a safe gas system. pg and e says by admitting to the failure they could expose themselves to a criminal charge. the blast in 20-10 killed eight people and destroyed 38 homes. pg&e is facing a potentially the 49ers. fresh off a monster...
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Dec 26, 2012
12/12
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KRON
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the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >> every major holiday the california highway patrol puts out a all hands on deck. it is called maximum enforcement. >> this means that there is a maximum amount of officers on the road looking for violators. look at this dryer. >> the reason why statues because you're not wearing your seat belt. >> the driver claim that she forgot. this is not a good excuse. so, this driver was are observed doing something that is all too common. >> exit the freeway, drive, driv
the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of...
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Dec 31, 2012
12/12
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CNBC
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the debt ceiling is simply a decision by the united states government to pay its debts. i am very troubled by the fact that that came into play. there are legitimate concerns about what level of taxation we should have, how much military spending there should be, should we reduce medicare. but whether or not we should pay or debts ought not to be a political issue. and hold the reputation for america as someplace that pays its debts hostage is a terrible idea. i'm hoping this will be a good precedent for getting the debt limit issue out of the way. and then there will be legitimate public policy debates about how much and what kind of spending cuts. >> congressman, this is dan greenhaus. let me say, you're hilarious and i'm going to miss you. jonathan tweeted, obama has utterly caved on taxes and inviting future hostage tactics by the gop. does that sound right to you? >> no. in the first place, he has insisted on raising taxes, letting taxes go up, is what we're doing, for people above a certain income level. he does not control the house of representatives. part of thi
the debt ceiling is simply a decision by the united states government to pay its debts. i am very troubled by the fact that that came into play. there are legitimate concerns about what level of taxation we should have, how much military spending there should be, should we reduce medicare. but whether or not we should pay or debts ought not to be a political issue. and hold the reputation for america as someplace that pays its debts hostage is a terrible idea. i'm hoping this will be a good...
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Dec 27, 2012
12/12
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CNBC
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to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks
to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top...
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Jan 1, 2013
01/13
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WJLA
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i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save more is to stick with cash. credit cards are very convenient. but cash limits you physically and also psychologically. when you pay with cash at the restaurant or at the department store -- >> it hurts more. >> it hurts and that's a good thing if you're trying to get into that behavior of sticking to a budget and i'm getting out of debt. >> words of wisdom, farnoosh torabi, happy new year. >> you too. >> words of wisdom indeed. >>> so many of us meanwhile, make the resolutions of this new year to get healthy. now in our january jump-start we're kicking off 2013 with tips to make this your best year and dr.
i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save...
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Dec 28, 2012
12/12
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MSNBCW
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i'm increasing my interest because these guys can't run a government. you're looking toward going to a recession while we're playing politic s in washington. this is very serious. this is not just beltway rhetoric here. i think people need to understand to the point of calling their congressional representative in outrage today, saying we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that -- it would be all right a week or two or three or four. we start going down the cliff, we don't know whether the momentum downward is going to be very, very damaging. >> yeah. maybe. >> you have that smirk on your face. >> well, maybe. i agree with the reverend that they're playing politics with livelihoods because it is a huge risk. you're right about that. i disagree a little bit on the sort of dramatic immediate impact of it. what we could get -- this is a responsibility, what we could get. i'm just trying to be optimistic because it's toward the end of the year and it's been a crummy year for a
i'm increasing my interest because these guys can't run a government. you're looking toward going to a recession while we're playing politic s in washington. this is very serious. this is not just beltway rhetoric here. i think people need to understand to the point of calling their congressional representative in outrage today, saying we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that -- it would be all right a week or...
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301
Dec 24, 2012
12/12
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CNBC
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>> well, this is a disaster for state and local units of government. the first order of effect is that the cost of infrastructure becomes much, much higher. costs of financing go up. the availability of investors declines. interest rates rise for municipal issuers. and so what happens to all that higher tax-exempt interest cost that issuers have to bear? it's ultimately borne by the taxpayer themselves. so really, this is just a transference of the taxes and subsidy back onto the shoulders of the regular property tax and income taxpayer at the local level. >> wow. a lot to keep track of. chris, thanks for giving us your thoughts this morning. >> thank yhankery much. >>> gas prices at the lowest level we've seen in more than a year. what does 2013 hold for energy. find out after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your
>> well, this is a disaster for state and local units of government. the first order of effect is that the cost of infrastructure becomes much, much higher. costs of financing go up. the availability of investors declines. interest rates rise for municipal issuers. and so what happens to all that higher tax-exempt interest cost that issuers have to bear? it's ultimately borne by the taxpayer themselves. so really, this is just a transference of the taxes and subsidy back onto the...
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147
Dec 29, 2012
12/12
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KRON
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eye 147
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the government has thrown out a plan to tax the country's ultra-rich at a 75 percent rate. the tax was one of the president's campaign promises. however, a consititutional council says the amount was excessive. some felt that the tax would not solve the country's fiscal problems. and would only push wealthy people out of the country. france's most famous actor, gerard dep-ard-doo, recently moved to belgium to avoid taxes. meanwhile, unemployment in france rose in november for the 19th straight month. coming up on kron 4 news weekend, ??is "mcdreamy" trading in his scalpel for a coffee apron? we'll be checking out all things hollywood with all today's entertainment news in just a few minutes. music) >> from billie holiday. open >> she is so good she is going be playing at the new year's eve at the razz room >> it is great to have you. and i love hearing your music you can do all types of great sounds. can you tell me who inspired you? >> i started loving the little rascals and i also loved darla. [laughter] . i thought that you were going to say the zero bond? >> i really li
the government has thrown out a plan to tax the country's ultra-rich at a 75 percent rate. the tax was one of the president's campaign promises. however, a consititutional council says the amount was excessive. some felt that the tax would not solve the country's fiscal problems. and would only push wealthy people out of the country. france's most famous actor, gerard dep-ard-doo, recently moved to belgium to avoid taxes. meanwhile, unemployment in france rose in november for the 19th straight...
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>> will she be a thorn in of ba become the voice of the government against bankers? she wants to be the latter. i think she'll only be the former. >> secretary of leaving. >> right. >> gone. tim giethneithner is saying i'm. give me the short list of people if you had the power to replace him. >> i'll give you the type of person, because i think this is who is in the running. a lot of executives in 2012 began to embrace the president after the big win. we need to see someone not necessarily from banking. that may be too troublesome but from industry. major fortune 500 -- >> throw a name out there. >> how about dave cote, ceo of honeywell. why him? leader of the debt reduction talks. >> didn't he go on sunday talk shows and say i'm not hiring, i'm holding my money to see if the guys washington can get it together? >> you're right. and they will get it together and we'll see if he hires or moves over to washington. >> are you bullish or bear? >> these trends are so powerful. oil and gas, so powerful. second half of the year, don't miss it. >> jim cramer, aalways good to
>> will she be a thorn in of ba become the voice of the government against bankers? she wants to be the latter. i think she'll only be the former. >> secretary of leaving. >> right. >> gone. tim giethneithner is saying i'm. give me the short list of people if you had the power to replace him. >> i'll give you the type of person, because i think this is who is in the running. a lot of executives in 2012 began to embrace the president after the big win. we need to...